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John LaFontaine*Vice Chairman 416.798.6229 [email protected]
Shawn McGinnSales Representative416.798.6209 [email protected]
Lisa Maharaj*Client Services Assistant 416.798.6245 [email protected]
Adam ZiobaSales Representative 416.798.6269 [email protected]
Amanda Raponi*Client Services Coordinator416.798.6250 [email protected]
For more information, please contact us:
Natalie Cabrera BedoyaClient Services Assistant 416.798.6294 [email protected]
*Sales Representative
CBRE LimitedReal Estate Brokerage
87 Skyway AvenueSuite 100Toronto, ON M9W 6R3
T 416 674 7900F 416 674 6575
CBRE LIMITED | FROM JOHN LAFONTAINE
THE ETOBICOKE REPORTSPRING/SUMMER 2015
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The average size of an industrial construction project in Canada continues to rise, as developers strive to meet the growing demand for larger distribution and warehousing facilities. During the last four years (2011 to 2014), the average project size in Canada increased by 22.0% to 114,000 sq. ft., compared to 93,000 sq. ft. during the previous four years (2007 to 2010). This growth was driven by three markets: the Greater Toronto Area (GTA), Calgary, and Montreal. The average project size in the GTA experienced the highest growth, up 120.8% from 142,000 sq. ft. during the 2007 to 2010 period to 314,000 sq. ft. during the last four years. The average project size in Calgary increased by 106.5%, from 64,000 sq. ft. to 132,000 sq. ft., over the same period, and by 21.4% in Montreal, from 119,000 sq. ft. to 144,000 sq. ft. In Vancouver, the average decreased by 10.4% from 95,000 sq. ft. to 85,000 sq. ft.
Growth in the overall construction level and size of large bay industrial facilities, those greater than 100,000 sq. ft., is the primary reason for the rise in the average project size. Large bay projects accounted for 94.2% of total industrial construction, in terms of square feet, in the GTA between 2011 to 2014, compared to only 82.4% between 2007 to 2010. In Calgary, this figure increased from 53.7% to 76.2%, and from 71.2% to 74.9% in Montreal during the same period, whereas in Vancouver the figure was stable around 62.0%. As of Q1 2015, 16.1 million sq. ft. out of the total 19.4 million sq. ft. under construction in Canada is attributable to large bay projects; 36.0% of these projects are design-build. Furthermore, the average size of large bay projects over the last four year period increased by 55.6% in the GTA, 42.3% in Calgary, and 32.4% in Montreal, when compared to the average large bay project size between 2007 to 2010. The average large bay project size was either stable or decreased in the majority of other markets tracked. Vancouver, for example, has had a shrinking industrial land base for the past thirty years, which is a barrier to the construction of large bay projects; thus, the average large bay project size has remained at around 200,000 sq. ft. for the past eight years.
For more information feel free to contact:
John LaFontaine 416.798.6229 or
Industrial Construction Projects Grow in Size, Fuelled by Distribution Centres
Industrial construction projects in three of Canada’s major distribution hubs, the Greater Toronto Area, Montreal, and Calgary continue to increase in size. The rise in distribution
and warehousing activity has fuelled a surge in demand for large bay facilities.
ETOBICOKE INDUSTRIAL AVAILABLITIESSPRING/SUMMER 2015
LOT 24 BELFIELD | FOR LEASE • 50,819 sq. ft. New facility to be built to suit (size and specs are flexible)
• Located directly beside Highway 409 access ramp - excellent signage opportunity
150 SKYWAY AVENUE | FOR LEASE • 1,365 sq. ft. of office space • Great location, minutes from the Airport • Recently refurbished offices • Tenant to pay hydro and gas
61 BAYWOOD ROAD | FOR LEASE • 46,382 sq. ft. (13% office) • Building divided in 2 halves • 5 Truck level, 2 drive-in doors total • Crane rails in place on North side
20 BUTTERICK ROAD | FOR SALE • 73,416 sq. ft. (72% office) • Ideal for film production or office use • 3.5 Parking spots per 1,000 sq. ft. of office • 22’ Clear height in the warehouse
87 DISCO ROAD | FOR SUBLEASE • 2,599 sq. ft. - 5,197 sq. ft. of office space • Private offices, boardroom, kitchenette and washrooms
• Ample parking available • Conveniently located
88 RONSON DRIVE | FOR LEASE • 38,200 sq. ft. (10% office) • 4 Dock doors, 1 drive-in door • Fully racked with crane in high bay area • Small explosion proof/flammable storage area
400-402 ATTWELL DRIVE | FOR LEASE • 37,457 sq. ft. (10% office) • 4 Truck level, 4 drive-in • 4 Light cranes available • Building equipped with heavy power, floor drains and paint room
30 FASKEN DRIVE | FOR LEASE • 85,000 sq. ft. (9% office) • 5 Truck level, 2 drive-in • Great turning radius • Excellent for warehousing companies
425 ATTWELL DRIVE | FOR SALE/LEASE • 19,714 sq. ft. (12% office) • 2 Truck level, 1 drive-in door • 16’ - 18’ Clear height • Metal halide lights • Office can be reduced by 1,000 sq. ft.
10 DANSK COURT, UNITS 3-6 | FOR LEASE • 22,326 sq. ft. (14% office) • Space equipped with floor drains • 17’5” Clear height • 4 Truck level doors
1100 ARROW ROAD | FOR LEASE • 21,000 sq. ft. (20% office) • 21 Truck level, 1 drive-in door • 3 Bay repair/maintenance facility on site • Excellent cross dock or transportation depot
855 OXFORD STREET | FOR LEASE • 16,700 sq. ft.• Various options to reduce office• 3 Drive-in doors - secure yard• Excellent Gardiner Expressway exposure
440 CARLINGVIEW DRIVE | FOR SALE• 0.87 acres• Paved land - secure lot• Great exposure for signage• Ideal for car parking
134 BETHRIDGE ROAD | FOR SUBLEASE• 141,387 sq. ft. (3% office)• CFIA & SQF Registered facility • Cooler/freezer space, fully racked • 13 Truck level, 1 van door
1801 ALBION ROAD, UNITS 5-7 | FOR LEASE • 13,966 sq. ft. (10% office)• 3 Truck level, 1 van door• New high efficiency T5 lighting • Floor drains throughout
44 WOODBINE DOWNS BOULEVARD | FOR LEASE• 41,900 sq. ft. (+/- 8% office)• 2 Truck level, 3 drive-in door• Excellent turning radius. Gated property• Potential to add additional truck level doors
MAP OF AVAILABLE PROPERTIES50-52 TITAN ROAD | FOR SALE
• 54,090 sq. ft. total• 2 Industrial freestands - can be purchased together or separately (subject to severance)• Cranes available
75 REXDALE BOULEVARD | FOR LEASE• 76,361 sq. ft. total (4 unit options available)• 27 Truck level doors total• 20’6” Clear height • Zoning permits a variety of uses
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LOT 37 HIGHWAY 27 | FOR SALE• 1.38 Acres• Development land with Highway frontage• Zoning permits variety of uses• 125’ Frontage, 480’ 98” depth
35 WOODBINE DOWNS BOULEVARD | FOR LEASE• Retail space - 3,978 - 9,029 sq. ft. • Exposure onto Highway 27 • Ample parking and accessible by transit • Excellent area amenities
1 GOODMARK PLACE, UNIT 4 | FOR LEASE• 5,300 sq. ft. (15% office) • 1 Drive-in door 12’ x 14’• Two private offices & washrooms • Clean industrial unit
31 CITY VIEW DRIVE | FOR LEASE• 21,000 sq. ft. (7% office) • 1 Truck level, additional shipping available• Approx. 1/2 acres of outside storage • LED lighting in warehouse, new office
136 SKYWAY AVENUE | FOR LEASE• 7,450 sq. ft. (19% office) • 1 Truck level door. Dual access shipping• Bright, clean warehouse space • Floor drains in warehouse
ABBOTSIDE WAY, CALEDON | FOR SALE/LEASE• Land opportunity or design-build • 257,166 sq. ft. on 15.81 acres• Highway 410 exposure • LEED certified, T5 lighting & permit ready
11 CARSON STREET | FOR SALE• 22,512 sq. ft. (approx. 7% office) • 12’, 15’ and 16’ Clear heights• 2 Truck level, 2 drive-in doors • Outside storage is permitted
474 ATTWELL DRIVE | FOR SALE • 24,272 sq. ft. (20% office)• 4 Truck level, 1 drive-in door• 29’ Clear height• Fully air conditioned warehouse
106 VULCAN STREET | FOR LEASE• 2,950 sq. ft. shared office space • High quality finishings• Conveniently located and great area amenities
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COND. SOLD
COND. SOLD
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NEW TO THE CALEDON MARKET!
For more information any any of these available properties feel free to contact:
John LaFontaine*Vice Chairman416 798 6229
NEW!
NEW!
NEW!
NEW!NEW!
NEW!
COND. SOLD
*Sales Representative
NEW!
CBRE Limited | Real Estate Brokerage | 87 Skyway Avenue | Suite 100 | Toronto, ON M9W 6R3 | T 416.674.7900 | F 416.674.6575 | www.cbre.ca
INDUSTRIAL MARKET REVIEWSPRING/SUMMER 2015
John LaFontaine* Vice Chairman 416.798.6229 [email protected]
FOR MORE INFORMATION
PLEASE CONTACT:
31 RACINE ROAD | 47,122 sq. ft.
2070 CODLIN CRESCENT | 24,563 sq. ft.
396 ATTWELL DRIVE |45,611 sq. ft.
RECENT TRANSACTIONS IN ETOBICOKE
MORTGAGE INTEREST RATES IN REVIEW - MAY 2015
Commercial Mortgage Rates Monthly Change Interest Rates May 27, 2015 April 29, 2015 Monthly Trend
5 Year Term 1.65% - 2.35% ▼ Canadian Dollar $0.8015 $0.8365 ▼
10 Year Term 1.75% - 2.35% ▼ Prime Business Rate 2.85% 2.85% ▬
30 Day BA’s 0.91% 0.90% ▲
5 Year Canada Bond 0.96% 0.98% ▼
10 Year Canada Bond 1.67% 1.59% ▲
INDUSTRIAL STATS SUMMARY - Q1 2015
City Total Inventory Total Available Availability RateAvg. Sale
Price ($ per sq. ft.)Avg. Realty
Taxes ($ per sq. ft.)Avg. Asking Lease
Rate ($ per sq. ft. net)Avg. T.M.I.
($ per sq. ft. net)
ETOBICOKE 81,254,171 sq. ft. 3,390,399 sq. ft. 4.2% $101.03 $1.85 $4.56 $2.84
BRAMPTON 80,980,416 sq. ft. 4,223,067 sq. ft. 5.2% $106.75 $2.17 $5.41 $3.21
MISSISSAUGA 155,559,394 sq. ft 8,364,129 sq. ft 5.4% $128.00 $1.98 $5.84 $2.94
MARKET INFORMATION
LEASED
LEASED
435-449 ATTWELL DRIVE|81,000 sq. ft. 20A VOYAGER COURT |6,144 sq. ft.
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth
*Sales Representative
SOLD LEASEDSOLD
